All Forum Posts by: Kevin Lewis

@Steve Vaughan, thank you for the response!

Scott, thank you for your response and the link.

I took out some equity on one of my investment properties in 2015 and I am going to use it to put a down payment on another investment property in 2016. Can I do a 1031 exchange for this transaction and, if so, do I still have to pay capital gains tax on the equity from the 1st property? 

I took out some equity on one of my investment properties in 2015 and I am buying another investment property in 2016. Can I do a 1031 exchange for this transaction and, if so, can I defer the capital gains tax?

I am buying my first home in the next few months. I will live in this house and use one of the rooms to run my business. I have a registered LLC. Should I purchase that house in my name or in my business name? I am really looking to find out what are the advantages and disadvantages of both options.

Also, I do intend to buy rental properties in the same area that I will be living (Columbia, MD) in the next year. Will that have any bearing on which of those two options I choose?